Jones Lang LaSalle reports the U.S. national office market absorbed 13 million square feet (sf) of space during last year’s fourth quarter – the highest level recorded since 2007. In 2013, a total of 40 million SF of office space was absorbed.
Although the study said Texas stood out as a “beacon of growth,” the spreading of growth across industries and geographies should benefit diversified economies such as Atlanta’s.
With technology on the rise and our city consistently attracting more millennials – who are replacing baby boomers as stewards of the office market – the office market should see increasing success in 2014.